The term structure of interest rates describes how interest rates move over time

Crandal Dockworks is undergoing a major expansion. The expansion will be financed by issuing

new 15-year, $1,000 par, 9% annual coupon bonds. The market price of the bonds is $1,070 each. Crandal's flotation expense on the new bonds will be $50 per bond. Crandal's marginal tax rate is 35%. What is the pre-tax cost of debt for the newly-issued bonds? A) 10.25% B) 8.76% C) 7.49% D) 8.12%

Because the procurement business process generates revenue amounts that are considered to be significant accounts, disclosures, and assertions on a company's income statement,

risk assessment of the procurement business process is necessary for compliance with Sarbanes-Oxley. Indicate whether the statement is true or false.